Fidelity Faces Float Income Suit from HP, United Employees
Participants filed the proposed class action lawsuit despite the fact that the firm has already been successful in defending practices...
Tag: Litigation
Self-Dealing Suit Questions Investment Lineup Prudence
Similar to other self-dealing suits recently filed against well-known retirement plan providers, Edward Jones is accused of favoring its own...
SunTrust Stock-Drop Complaint Moves Forward Post-Dudenhoeffer
The case has an extensive procedural history and is one among a handful of lawsuits winning reconsideration after the Supreme...
EBSA Says Plan Consultant Mistreated Small Businesses
Improper asset transfers and process failures are at the heart of a complaint filed by EBSA on behalf of clients...
Morgan Stanley Facing Excessive-Fee, Self-Dealing Lawsuit
The lawsuit claims the investment manager selected and retained relatively high-cost and poor-performing investment options for its 401(k) plan, some...
Law Firm Files Four More Lawsuits Against University 403(b) Plans
This is the second lawsuit filed against Columbia University this week.
What the 403(b) Excessive Fee Lawsuits Do Not Consider
Attorneys point out distinctions between 403(b)s and 401(k)s, and lessons 403(b) plan sponsors can learn from recent lawsuits.
Columbia University Target of ERISA Excessive Fee Suit
The lawsuit claims the university’s 403(b) plans’ investment options were imprudent and expensive.
More University 403(b) Plans Targeted in Excessive Fee Suits
The complaints are nearly identical, with a few exceptions.
Claims Survive Dismissal in Allianz Self-Dealing Suit
A district court’s decision allowing self-dealing accusations against Allianz to proceed offers some important points of consideration for plan officials,...
Duke University Employees Sue Over 403(b) Plan
The suit calls out the traditional 403(b) plan model of offering multiple funds, including individual annuities, and using multiple recordkeepers.
University DC Plans Latest Target of ERISA Complaints
It’s not just private, for-profit employers who are being accused of fiduciary breaches by ERISA litigators.
Benefits |
Mutual Fund Provider Questions Secure Choice Program
The Investment Company Institute applauds the California governor and legislature for aiming to promote savings among the state’s private sector...
Tibble to Get En Banc Appellate Court Review
The 9th Circuit will review whether the plaintiff can raise an “ongoing-duty-to-monitor” argument in his retirement plan excessive fee suit.
Court Enforces 401(a) Plan’s Mandatory Arbitration Provision
The spouse of a deceased participant in the plan argued that the provision’s requirement that she share the cost of...
Neuberger Berman Accused of Self-Dealing in 401(k) Plan
The case calls out one fund in particular, which it says “was larded with high fees and has suffered from...
Franklin Templeton 401(k) Plan Latest Cited in Self-Dealing Suit
Allegations are similar to a number of other self-dealing lawsuits against fund managers this year.
Trustee and Counsel for Union Found Guilty of Retaliation
The case stemmed from the activities of workers who reported on the trustee’s interference with collections and contributions from unionized...
9th Circuit Weighs In on Dignity Health’s Church Plan Status
The appellate court agreed with a lower court that the health provider’s pension plan did not fit the definition of...
State Street Settles FX Charges
The bank will pay at least $60 million to ERISA plan clients.